Remittances received — all countries

Remittances received — Guinea

Remittances received in Guinea in 2024 — 616,420,000 US$. Ranked 100 in the world out of 160. Since 1986, the indicator has risen by 880,500%.

2024 616M US$ +24.07% vs 2023
World rank 100of 160
Period maximum 616M US$2024
Period minimum 70,000 US$1986

Trend over time

1986–2024 · US$

Remittances received — Guinea, 1986–20240200M400M600M800M198619901994199820022006201020142018202220241986: 70,000 US$1987: 70,000 US$1988: 26,709,999 US$1989: 22,340,000 US$1990: 17,969,999 US$1991: 13,600,000 US$1992: 9,230,000 US$1993: 4,860,000 US$1994: 490,000 US$1995: 740,000 US$1996: 1,072,000 US$1997: 1,480,000 US$1998: 4,980,000 US$1999: 6,015,879 US$2000: 1,166,455 US$2001: 8,715,870 US$2002: 15,190,000 US$2003: 111,046,017 US$2004: 41,640,000 US$2005: 41,570,000 US$2006: 29,500,000 US$2007: 15,070,000 US$2008: 61,520,000 US$2009: 52,030,000 US$2010: 46,260,000 US$2011: 64,500,000 US$2012: 66,300,000 US$2013: 93,010,000 US$2014: 121,425,853 US$2015: 130,582,308 US$2016: 52,170,781 US$2017: 44,660,000 US$2018: 28,430,000 US$2019: 158,130,000 US$2020: 22,530,000 US$2021: 343,910,000 US$2022: 527,275,700 US$2023: 496,840,000 US$2024: 616,420,000 US$
Change over the period: +616M (+880,500%) Average annual rate: 27 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Guinea

Guinea 616M US$
World 857B US$
Sub-Saharan Africa 57.23B US$
Western Africa computed 32.37B US$
Lower-middle-income countries computed 416B US$
Remittances received — Guinea, by year Guinea All countries CSV XLSX
Year US$ Change Change, %
2024 616M +120M +24.07%
2023 497M −30.44M −5.77%
2022 527M +183M +53.32%
2021 344M +321M +1,426.45%
2020 22.53M −136M −85.75%
2019 158M +130M +456.21%
2018 28.43M −16.23M −36.34%
2017 44.66M −7.51M −14.4%
2016 52.17M −78.41M −60.05%
2015 131M +9.16M +7.54%
2014 121M +28.42M +30.55%
2013 93.01M +26.71M +40.29%
2012 66.3M +1.8M +2.79%
2011 64.5M +18.24M +39.43%
2010 46.26M −5.77M −11.09%
2009 52.03M −9.49M −15.43%
2008 61.52M +46.45M +308.23%
2007 15.07M −14.43M −48.92%
2006 29.5M −12.07M −29.04%
2005 41.57M −70,000 −0.17%
2004 41.64M −69.41M −62.5%
2003 111M +95.86M +631.05%
2002 15.19M +6.47M +74.28%
2001 8.72M +7.55M +647.21%
2000 1.17M −4.85M −80.61%
1999 6.02M +1.04M +20.8%
1998 4.98M +3.5M +236.49%
1997 1.48M +408,000 +38.06%
1996 1.07M +332,000 +44.86%
1995 740,000 +250,000 +51.02%
1994 490,000 −4.37M −89.92%
1993 4.86M −4.37M −47.35%
1992 9.23M −4.37M −32.13%
1991 13.6M −4.37M −24.32%
1990 17.97M −4.37M −19.56%
1989 22.34M −4.37M −16.36%
1988 26.71M +26.64M +38,057.14%
1987 70,000 +0 +0%
1986 70,000

About the indicator

Personal remittances received by a country: the earnings of labor migrants sent home, plus transfers between households. For a couple of dozen countries this flow is larger than any single export item, and for several it exceeds a fifth of GDP — remittances then become the main external link of the economy, steadier than both direct investment and foreign aid: in a crisis they usually do not fall but rise, because migrants send their families more.

Important: Only transfers through banks and money transfer systems are counted. Cash brought in person does not reach the statistics, so the real volumes are higher — by estimates, noticeably so.

Source: World Development Indicators (World Bank), license CC BY 4.0.